Business & Markets

Plains Adds Cactus II Surcharge to Offset Steel Tariffs

Plains All American Pipeline LP said on Friday it will tack on a fee for users of a new oil pipeline to pay for the cost of the Trump administration's tariffs on imported steel, with analysts and traders calling it the first U.S. energy pipeline operator to do so.

Infrastructure-Led Exploration Reducing Offshore Pipeline Demand

Shell's announced plan to develop the PowerNap deepwater project in the U.S. Gulf of Mexico reflects a broader trend toward "infrastructure-led exploration" that weakens demand for the construction of new subsea export pipelines.

Enbridge Solicits Bids for Mainline Pipeline

Enbridge said on Friday it would invite bids for contracted space on its Mainline system, as shippers compete to move oil on the country’s congested pipeline networks.

UGI Completes $1.28B Columbia Midstream Acquisition

Energy distributor UGI Corporation said its Energy Services subsidiary has completed an acquisition of equity interests of Columbia Midstream Group from TC Energy for $1.275 billion.

Williams Seeks FERC Approval for Marcellus & Utica Takeaway Expansion

Williams has announced that its Transco interstate pipeline has filed an application with FERC seeking authorization for its Leidy South project, which is proposed to carry natural gas from the Marcellus and Utica plays to the East Coast.

Plains to Allocate Unused Cactus II Space to Committed Shippers

Plains All American LP said on Wednesday it would allocate unused space on its Cactus II crude pipeline to committed shippers if spot shipments fall below the 10% of capacity set aside for those shipments.

Altus Midstream Acquires Stake in Enterprise’s Shin Oak Pipeline

Altus Midstream has acquired a 33% interest in the Enterprise’s Shin Oak NGL pipeline, effective today.

Midstream Companies’ Improved Credit Raising LBO Risk

North American midstream companies that are deleveraging in response to muted investor interest and higher capital costs are indirectly raising the risk of leveraged buyouts (LBOs), according to a new report from Moody's Investors Services.

Boskalis to Manage Seabed, Shore Crossing for Scarborough Pipeline

Papendrecht, Netherlands-based Royal Boskalis Westminster said it has been awarded a contract valued at $162 million (145 million euros) for seabed intervention and shore-crossing activities for the proposed Scarborough export gas pipeline in northwestern Australia.

First Cargo of U.S. LNG Under PSNiG, Cheniere Long-Term Agreement Arrives in Poland

The first cargo of liquified natural gas under the long-term contract between Poland’s state-owned natural gas company, PGNiG, and U.S. LNG provider Cheniere Energy arrived today at the President Lech Kaczyński LNG Terminal in Świnoujście.

UAE's ADNOC Pipeline Investment Deal Reaches Nearly $5 Billion

Singapore’s sovereign wealth fund (GIC) is investing $600 million in Abu Dhabi National Oil Company’s (ADNOC) crude pipeline infrastructure bringing the total combined deal to $4.9 billion.

EPIC Midstream New CEO Targets Year End for U.S. Crude Export Operations

EPIC Midstream Holdings LP has begun filling a new 400,000 bpd oil pipeline that stretches from the Permian Basin to the U.S. Gulf Coast.

Oil Storage Pools Set Ablaze in Colombia During Pipeline Repairs

Colombia's state-run oil company Ecopetrol said intruders deliberately set fire to crude oil retention pools it was using for storage during repairs to its bomb-damaged Caño Limón-Coveñas pipeline.

South Africa Targets First LNG Import Terminal by 2024

State-owned freight logistics firm Transnet plans to launch a tender next year for South Africa's first terminal to import LNG at Richards Bay port, with first gas expected to land in 2024, a senior official said.

TurkStream 2nd String to Cross Bulgaria, Serbia, Hungary

The second leg of the TurkStream gas pipeline is planned to go through Bulgaria, Serbia and Hungary, Russian Energy Minister Alexander Novak said on Friday, as Moscow prepares to phase out gas transit to Europe via Ukraine.

FERC Reorganizes to Create New LNG Division, Open Houston Regional Office

Federal Energy Regulatory Commission (FERC) Chairman Neil Chatterjee has announced that the agency is creating a new division in its Office of Energy Projects to accommodate the growing number and complexity of applications to site, build and operate liquefied natural gas export terminals.

Williams Begins Service on Deepwater Gulf Gathering Pipeline System

Williams announced today that it has acquired and placed into service the 16-inch Norphlet deepwater gathering pipeline system constructed by Shell, operator, and CNOOC Petroleum Offshore extending 54 miles from the Shell-operated Appomattox Floating Production System in 7,400-feet of water to the Transco Main Pass 261A junction platform, located approximately 60 miles south of Mobile, Alabama.

Belarus Upset Over Transneft Compensation Cap, Calls Decision 'One-Sided'

Belarusian state oil firm Belneftekhim said on Wednesday it considered a decision by Russian oil pipeline monopoly Transneft on compensation for dirty oil to be “one-sided”.

Israel to Begin Gas Exports to Egypt Within Four Months

Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

Transneft Sets Cap on Compensation for Pipeline Contamination

Russian oil pipeline monopoly Transneft on Wednesday set a cap of $15 per barrel for compensation stemming from contamination in its network.

Wisconsin Tribe Sues Enbridge to Force Pipeline Removal

A Native American tribe in Wisconsin is suing Enbridge Inc. in hopes of forcing the Canadian company to remove a key pipeline that runs through their reservation.

TechnipFMC Awarded Significant Integrated EPCI Contract in North Sea

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (EPCI) contract from Neptune Energy for the Seagull project, located in the Central North Sea.

Kinder Morgan Moves Closer to Construction of Third Permian Pipeline

Kinder Morgan is in discussions with customers about a third major Permian Basin natural gas pipeline, Permian Pass, which would deliver 2 Bcf/d of natural gas from Waha Hub to the Sabine area of the East Texas-Louisiana Gulf Coast.

Increased Supply From New Permian Pipelines Cuts Crude Prices

West Texas Intermediate crude at Magellan East Houston this week traded at the weakest level in almost a year as new pipelines from the Permian Basin to the U.S. Gulf Coast hub have begun operations, traders said.

Medallion Pipeline Launches Binding Open Season

Medallion Pipeline has announced a binding open season to solicit binding, long-term commitments for firm transportation utilizing capacity that Medallion has leased on the crude oil pipeline owned by EPIC Crude Pipeline.

IEA: U.S., China Will be World's Biggest LNG Exporter and Importer in 2024

The United States and China will become the world’s biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).

Sources: Enbridge Delays Start of Mainline Open Season

Enbridge Inc has delayed the start of an open season to solicit bids for contracted space on its Mainline oil pipeline system, North America's largest oil-shipping network, three market sources told Reuters.

Russia's Transneft, Oil Firms Clash over Pipeline System Clean-Up

Major Russian oil companies have challenged a plan by Transneft that aims to resolve a problem of tainted oil stuck in Russia's pipeline and storage system by diluting it with clean crude, four company sources said on Wednesday.

Enterprise Begins Service on Orla 3

Enterprise Products Partners has announced that service recently began on the third train at its Orla cryogenic natural gas processing plant in Reeves County, Texas.

China Asks for 'Friendly Consultation' in Malaysia Pipeline Dispute

The Chinese government has expressed hope for a “friendly consultation” with Malaysia to resolve a dispute of the building of two multibillion-dollar gas pipeline projects.